Post Match

08:41 +1 @ 4566 -1 @ 4568 +2
+1 @ 4566 -1 @ 4566 0
Went long along the lows of what could be the lows of the IB, based on the POC of yesterday afternoon's session. Profit taking was early and scratch was because I didn't fancy loosing on the 1st trade of the day after being on-side.

09:12 +1 @ 4580 -1 @ 4580 0
+1 @ 4580 -1 @ 4577 -3
+1 @ 4583 -1@ 4577 -6
From fullfilled expectations on early trading, was to test the 4585 level where I had resting orders to reverse. High came in 2 ticks away.

11:06 +1 @ 4571 -1 @4577 +6
Narrow trading range induced me to believe the mid-range level of 4571 would allow for sufficient support for a small profit taking excercise.

11:14 -1 @ 4566 +1 @ 4561 +5
Range extension past low, to pause around the marabuzo of last friday's rally on CPI data.

14:24 +1 @ 4552 -1 @ 4555 +3
+1 @ 4552 -1 @ 4552 0
After slightly bearish ZEW data, expected to see a bounce on my levels of either 52 or 50, where I had resting orders. Unfortunately an unwillingness to risk twice on the same trade left me a ridiculuos profit of 3 ticks against the subsequent potential of 92.

16:28 +1 @ 4563 -1 @ 4567 +4
Market appeared unable to break through the lows, even with the heaviest trading in the day. Scalped long on the first signs of a blip up.

Researching for a bayesian approach to the probability of positive yields from human-filtered trade opportunities, I stumbled upon a study that compares the results of the financial decision making of emotional investors to rational (based on bayesian inference) and noise traders. The model simulation finds that despite their apparent simplistic strategy and non-traditionalist revision of beliefs, emotional traders can even dominate the market and survive with consitent profitability in the long run.

+11